Green Square Capital Advisors LLC Purchases 1,256 Shares of Alphabet Inc. (NASDAQ:GOOG)

Posted by on Jun 27th, 2023

Green Square Capital Advisors LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,876 shares of the information services provider’s stock after acquiring an additional 1,256 shares during the period. Green Square Capital Advisors LLC’s holdings in Alphabet were worth $2,483,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Monarch Capital Management Inc. boosted its holdings in Alphabet by 4.0% in the fourth quarter. Monarch Capital Management Inc. now owns 40,712 shares of the information services provider’s stock worth $3,612,000 after purchasing an additional 1,562 shares during the last quarter. Grand Jean Capital Management Inc. boosted its holdings in Alphabet by 1,926.2% in the third quarter. Grand Jean Capital Management Inc. now owns 137,135 shares of the information services provider’s stock worth $13,186,000 after purchasing an additional 130,367 shares during the last quarter. Matthew Goff Investment Advisor LLC boosted its holdings in Alphabet by 4.2% in the fourth quarter. Matthew Goff Investment Advisor LLC now owns 7,380 shares of the information services provider’s stock worth $655,000 after purchasing an additional 300 shares during the last quarter. Gould Capital LLC boosted its holdings in Alphabet by 2,150.0% in the third quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after purchasing an additional 301 shares during the last quarter. Finally, Clarity Financial LLC boosted its holdings in Alphabet by 2,118.6% in the third quarter. Clarity Financial LLC now owns 61,722 shares of the information services provider’s stock worth $5,935,000 after purchasing an additional 58,940 shares during the last quarter. Institutional investors own 27.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Oppenheimer dropped their price target on shares of Alphabet from $155.00 to $135.00 in a research note on Monday, April 24th. Robert W. Baird lifted their price target on shares of Alphabet from $120.00 to $123.00 in a research note on Wednesday, April 26th. Raymond James lifted their price target on shares of Alphabet from $119.00 to $130.00 in a research note on Wednesday, April 26th. UBS Group lifted their price target on shares of Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Alphabet from $120.00 to $125.00 in a research note on Wednesday, April 26th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $132.80.

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 37,405 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $15.06, for a total value of $563,319.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder 2019 Gp L.L.C. Gv sold 37,405 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $15.06, for a total value of $563,319.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv bought 309,931 shares of Alphabet stock in a transaction dated Wednesday, May 3rd. The stock was acquired at an average price of $28.34 per share, for a total transaction of $8,783,444.54. Following the completion of the acquisition, the insider now owns 2,243,665 shares in the company, valued at $63,585,466.10. The disclosure for this purchase can be found here. Insiders have sold a total of 877,364 shares of company stock worth $30,371,135 in the last three months. Insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $119.09 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. The company has a market cap of $1.51 trillion, a P/E ratio of 26.52, a P/E/G ratio of 1.57 and a beta of 1.09. The firm’s fifty day moving average is $117.58 and its two-hundred day moving average is $103.98. Alphabet Inc. has a 52-week low of $83.45 and a 52-week high of $129.55.

Alphabet (NASDAQ:GOOG – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. The company had revenue of $69.79 billion for the quarter, compared to the consensus estimate of $68.80 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. Alphabet’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 EPS. As a group, analysts anticipate that Alphabet Inc. will post 5.41 EPS for the current fiscal year.

Alphabet Company Profile

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Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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